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Purchase Agreement
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Seaport Centre Owner's Association - Purchase Agreement
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Purchase Agreement
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Last modified
11/18/2025 4:05:57 PM
Creation date
11/18/2025 4:00:50 PM
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Template:
Agreement
Contractor Name
HCP LS Redwood City, LLC Metropolitan Life Insurance Company Seaport Centre Owner's Association
RMP File Number
304
Date
10/23/2025
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YaY MMYa,C <br />r +* First .American Owner's Policy of Title Insurance <br />California (WRE) - 2021 v. 01.00 (07-01-2021) <br />violation, variation, adverse circumstance, boundary line overlap, or encroachment <br />would have been disclosed by an accurate and complete land title survey of the Land. <br />3. Unmarketable Title. <br />4. No right of access to and from the Land. <br />5. A violation or enforcement of a law, ordinance, permit, or governmental regulation (including <br />those relating to building and zoning), but only to the extent of the violation or enforcement <br />described by the enforcing governmental authority in an Enforcement Notice that identifies a <br />restriction, regulation, or prohibition relating to: <br />a. the occupancy, use, or enjoyment of the Land; <br />b. the character, dimensions, or location of an improvement on the Land; <br />C. the subdivision of the Land; or <br />d. environmental remediation or protection on the Land. <br />6. An enforcement of a governmental forfeiture, police, regulatory, or national security power, <br />but only to the extent of the enforcement described by the enforcing governmental authority in <br />an Enforcement Notice. <br />7. An exercise of the power of eminent domain, but only to the extent: <br />a. of the exercise described in an Enforcement Notice; or <br />b. the taking occurred and is binding on a purchaser for value without Knowledge. <br />8. An enforcement of a PACA-PSA Trust, but only to the extent of the enforcement described in <br />an Enforcement Notice. <br />9. The Title being vested other than as stated in Schedule A, the Title being defective, or the <br />effect of a court order providing an alternative remedy: <br />a. resulting from the avoidance, in whole or in part, of any transfer of all or any part of <br />the Title to the Land or any interest in the Land occurring prior to the transaction <br />vesting the Title because that prior transfer constituted a: <br />i. fraudulent conveyance, fraudulent transfer, or preferential transfer under <br />federal bankruptcy, state insolvency, or similar state or federal creditors' rights <br />law; or <br />ii. voidable transfer under the Uniform Voidable Transactions Act; or <br />b. because the instrument vesting the Title constitutes a preferential transfer under <br />federal bankruptcy, state insolvency, or similar state or federal creditors' rights law by <br />reason of the failure: <br />i. to timely record the instrument vesting the Title in the Public Records after <br />execution and delivery of the instrument to the Insured; or <br />H. of the recording of the instrument vesting the Title in the Public Records to <br />impart notice of its existence to a purchaser for value or to a judgment or lien <br />creditor. <br />10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 <br />through 9 that has been created or attached or has been filed or recorded in the Public <br />Records subsequent to the Date of Policy and prior to the recording of the deed or other <br />instrument vesting the Title in the Public Records. <br />* Copyright 2025 First American Financial Corporation. All rights reserved. <br />All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copled <br />The use of this Form (or any derivative thereof) Is restricted be ALTA licensees and ALTA members In good standing as of the date of use. All other <br />uses are prohibited. Reprinted under license from the American Land Title Association. <br />Form 50125406 (5-24-22) Page 24 of 33 <br />I f `_.y02;�.2;/�`.�5 fpO11T,PURCHASE AGREEM ENT a P <br />REV: 10-15-25 VR <br />
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